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Approving Increase to Price Agreement Cap with Cannon Cochran Management Services Inc. (CCMSI) for Third Party Claim Services
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In 2019, the Albuquerque Bernalillo County Water Utility Authority issued a Request for Proposals (RFP), P2019000009, to select a qualified firm to provide third party claims services. The RFP was posted on BidSync and advertised in the local newspaper. Four (4) responses were submitted for evaluation. The responses were reviewed, evaluated, and scored by the Ad Hoc Committee recommended by the Executive Director. Based on the recommendations of the Ad Hoc Committee, the Executive Director recommended award of contract to CCMSI as this company had the highest composite score, was qualified to perform the work, and met the requirements of the RFP.
Resolution R-18-14 requires board approval for any purchase in an amount exceeding $500,000. The Risk Department is recommending additional funding to be added to the price agreement cap to allow for continued purchase of these services through the end of the contract term. The original price agreement was awarded for four years and has since been extended an additional two years. The estimated expenditure under this price agreement is expected to exceed $500,000, however actual expenses will be incurred as services are provided.
If approved by the Board, the purchase order will be adjusted to include the increased contract cap. Approval of this item shall also serve as delegation of authority for the Executive Director to approve all future amendments to this contract, if any.
FISCAL IMPACT:
Expenses are expected to exceed $500,000.00 for the contract term of July 1, 2019, through June 30, 2025.